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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Lending protocol Sonne Finance faces $20 million exploit, pauses markets on Optimism
Lending protocol Sonne Finance faces $20 million exploit, pauses markets on Optimism

The decentralized lending protocol said in a post-mortem report that it suffered an exploit that resulted in losses of $20 million. The team added it’s ready to offer a bounty to the attacker in exchange for return.

The Block·2024/05/15 06:04
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz

Bitcoin will likely chop between $55,000 and $75,000 until the market gets a “new narrative,” Galaxy’s CEO believes.

Cryptopotato·2024/05/15 00:49
State of Wisconsin’s investment board discloses nearly $100M of BlackRock’s bitcoin ETF
State of Wisconsin’s investment board discloses nearly $100M of BlackRock’s bitcoin ETF

The holdings disclosure is the first from a state investment board

Blockworks·2024/05/15 00:07
Flash
  • 02:17
    Governor of the Bank of England: Will continue to provide cash, currently establishing a retail CBDC for innovation
    As people are increasingly worried that the Bank of England's digital currency (CBDC) Britcoin will replace cash, Andrew Bailey, the Governor of the Bank of England (BOE), stated, "Evidence shows that people do indeed want cash, so we will continue to provide it." Bailey said he supports banks issuing wholesale CBDCs but is cautious about issuing retail CBDCs. Bailey further added that the Bank of England is establishing a retail CBDC for innovation. He believes that CBDC innovation should be open to the private sector and it will ensure commercial banks modernize their digital payment systems.
  • 02:13
    Ordinals Founder: Version 0.21.2 has fixed a major flaw in rune transmission, it is recommended that users upgrade as soon as possible
    Ordinals founder Casey issued a reminder on the X platform, urging users to upgrade their ord wallets to version 0.21.2 as soon as possible. This update fixes a serious vulnerability that could lead to unexpected loss of runes due to incorrect creation of change output when using the "ord wallet send" function. Casey explained that when input UTXO contains multiple runes (A and B), sending rune A might mistakenly send rune B in the process. The update also adds a new feature for signing messages with wallet addresses and fixes an issue with casting progress display. So far, no reports have been received about asset losses caused by this vulnerability.
  • 02:06
    Willy Woo: The altcoin cycle is gradually weakening, retail investors' losses may lead to a change in mindset
    Cryptocurrency analyst Willy Woo stated that the current altcoin cycle is significantly different from the past, marking the third major loss for retail investors since 2017. The DeFi and NFT waves of 2020-21, as well as the current Meme coin craze, have all led to continuous losses for retail investors. Woo believes that retail investors may have realized the high-risk nature of the altcoin market. Although altcoins may rebound after each Bitcoin rise, overall, the strength of the altcoin cycle is gradually weakening and resembles more of a casino where house always wins.
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